Which of the following statements are true about documentary credit______
A. documentary credit means payment against document instead of against goods
B. all the documentary credits are operated through banks
C. the buyers is not required to pay for the goods until the arrival of the relevant shipping documents
D. the documents transfer title to the goods
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The scope of freight forwarder"s service on behalf of shipper includes ______.
A. always arrange warehousing of the goods
B. issue relevant documents to the carrier, such as FCR or FCT
C. pursue claims against the carrier when the goods arrive
D. book space with selected carrier
The following services ______ are performed by the freight forwarder on behalf of the importer.
A. monitor the movement of goods
B. check all relevant documents
C. deliver the cleared goods to the consignee
D. pursue claims against the exporter
AN NVOCC is a(n) ______ who operates regular scheduled services.
A. shipper
B. carrier
C. receiver
D. charterer
Which of the following coverage does not cover partial loss or damage resulting from natural calamities______
A. WA
B. FPA
C. Institute Cargo Clause
D. Institute Cargo Clause
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